You will have to read up on P&F patterns. There is way to much for me to cover on that subject. You should be able to find information on these patterns at just about any charting website.
You may want to read "How I made 2 Million Dollars in the Stock Market." by Nicolas Darvas. This is the cornerstone of Point and Figure charting by the originator. Very clear and easy to read.
Thanks for all the contributions here! If I may ask does anyone have a good link or reference on how to use stock floats analysis?
It would be greatly appreciated.
No I don't I am looking into them. Am I ready to trade them OH YEAH! Alot easier than tracking 100's of stocks. My current broker does'nt offer them. So I am soon moving to a real broker. I can add much to the strategy though. I follow them as if i do trade them.
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